china

As the yuan retreats, China is taking in more gold. The world’s biggest consumer of the precious metal raised bullion imports from Hong Kong in September for the first time in four months as investors sought to diversify their assets on prospects for further currency weakness . . . .

Demand for gold from top consumer China will remain strong at around 900-1,000 tonnes next year, near 2015 levels, although a weaker appetite for jewelry and slowing economy could curb purchases, an official of the World Gold Council said . . . .

The evidence is out. 3.2 million ounces of gold futures, not gold, were traded in the first few minutes after New York opened the day before yesterday. This is what caused the fall triggering stop losses . . . .

By far the greater bulk of gold owned in China is under the control of the Shanghai Gold Exchange, which is controlled by the Chinese Central Bank, i.e. The People’s Bank of China. Should they wish to confiscate their citizen’s and institution’s gold, it can be done overnight . . . .

Adding gold to official reserves protects Beijing, Moscow against dollar dominance . . . .

The gold market might soon find 1.6 billion new buyers when the Islamic world makes a clarification to its Sharia law . . . .

China wants to do what the US did . . . .

Gold is gaining again, and the looming Brexit vote is one reason why . . . .

For the past four years, physical gold has been flowing in large quantities from West to East, depleting Western warehouse stocks – some would suggest to crisis levels . . . .

Gold consolidating getting ready for a move above $1,300 . . . .